Office of Management and Budget
Executive Office of the President
  Site Search     
About OMB  
- Organization Chart
- Contact OMB
President's Budget
- Budget Documents
- Supplementals, Budget Amendments, and Releases
Federal Management
- President's Management Agenda
- Office of Federal Financial
-- Agency Audits
- Office of Federal Procurement
  -- CAS Board
-- FAIR Act Inventory
Office of Information and Regulatory Affairs
- OIRA Administrator
- Regulatory Matters
- Paperwork Requirements
- Statistical Programs & Standards
- Information Policy, IT & E-Gov
Communications & Media
- News Releases
- Speeches
Legislative Information
- Statements of Administration Policy (SAPs)
- Testimony
- Reports to Congress
Information for Agencies
- Circulars
- Memoranda
- Bulletins
- Pivacy Guidance
- Grants Management
- Reports
Site Map
First Gov  
Charts on the Updated Fiscal Situation
Click images to enlarge  
As a percentage of GDP, the budget deficit is expected to be cut by more than half by 2006.
The economy is the biggest reason for changes in the budget situation since 2001.

The growth rate of non-defense spending has fallen dramatically since the September 11, 2001 terrorist attacks, while defense and homeland security spending recorded sharp increases.

The rise in total federal discretionary spending exceeds that of family income growth.
Higher income earners are paying a larger share of the overall tax burden as a result of tax relief enacted over the past three years.
Shortfalls in Medicare and Social Security, along with debt held by the public, pose genuine fiscal challenges that must be confronted.